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Updated over 9 years ago,

User Stats

14
Posts
4
Votes
Todd Michael
  • Real Estate Investor
  • Olathe, KS
4
Votes |
14
Posts

Reporting 1090-INT income on 1040 for single member LLC

Todd Michael
  • Real Estate Investor
  • Olathe, KS
Posted

In 2014 I created a single member LLC for the sole purpose of using to invest in crowdfunding opportunities. Since its a single member LLC and for tax purposes is classified as a sole proprietorship LLC, all revenue just passes through to my individual tax form. But, I've received a couple of 1090-INT's with my LLC's EIN (not my SSN) and am not sure where to report. Is it on my Schedule B with interest income earned by my SSN? Is it on the Schedule C, and if so, where? Other income? Seems like there I can't itemize the 1090-INT's.

I will say that I set this LLC as a way to just isolate this activity, but was a bad idea. It just overly complicates things for no benefit. But, what's done is done.

TIA for any help.

Todd M.

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